JPMorgan analyst Ann Duignan noted that ACT Research released final truck data for December, showing that North American Class 8 retail sales were up 31% year-over-year to 27,776 units in the month. Truck demand has an impact on Navistar (NAV), Paccar (PCAR), Cummins (CMI), Allison Transmission (ALSN) and Eaton (ETN), noted Duignan.

Stifel analyst Robert McCarthy upgraded Eaton to Buy and raised his price target for the shares to $99 from $77. The analyst sees a "solid" risk/reward following last week's Q4 results and believes better organic growth should yield margin leverage. Eaton remains in a "benign, improving macro environment" and is one of the top potential earnings revisions stories in 2018, McCarthy tells investors in a research note.

Deutsche Bank's (DB) supervisory board debated the merits of a potential tie-up with Commerzbank (CRZBY) for three hours at a meeting on Thursday, Reuters reports, citing a person with direct knowledge of the matter. Deutsche Bank CEO Christian Sewing told the board about the possible deal and said that the bank was at the start of doing due diligence, the report says. Reference Link

Bullish option flow detected in PayPal with 19,643 calls trading, 2.0x expected, and implied vol increasing over 2 points to 24.97%. 3/22 weekly 103 calls and Apr-19 101 calls are the most active options, with total volume in those strikes near 11,400 contracts. The Put/Call Ratio is 0.20. Earnings are expected on April 24th.